TietoEnator acquires parts of Arrowhead's consultancy business

TietoEnator acquires parts of Arrowhead's consultancy business TietoEnator acquires parts of the consultancy unit in Arrowhead. The agreement means that fifty people from Arrowhead Technology & Solutions in Sundsvall, Stockholm, Linköping and Malmö are transferred to TietoEantor. The acquisition strengthens TietoEnator's position as supplier of IT services and solutions for the public sector within the areas of operational development, system development and system administration. - The acquisition is well in the line with our objectives and strategies. In this way we will gain a considerable strengthening in our expansion, primarily within the state sector in Sundsvall, Stockholm and the Östergötland region, says Kjell Lökensgård, MD of TietoEnator DevCon AB, Public Sector. - The agreement gives us the opportunity of refining our operations and applying the focus on our role as broadband operator, says Sune Lundin, MD of Arrowhead AB. We are pleased with this solution and TietoEnator will be an important partner for Arrowhead in the future. The new operations will belong to TietoEnator DevCon within the business area Public Sector. For further information, please contact: Kjell Lökensgård, TietoEnator, +46 8 749 80 25, +46 708 21 24 89 Robert Nordin, Arrowhead, +46 20 110 20 30, +46 703 79 40 19 With a staff of 10,000 and annual net sales of 1.1 billion euro, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator provides consulting, systems development and integration, operation and support, product development services for customers, and software services. The Group has in-depth knowledge of its customers' businesses in areas such as telecommunications, finance, the public sector and the forest and energy industries. www.tietoenator.com Arrowhead is one of the Sweden's largest new operators of broadband networks. Our business concept is to supply, with high quality, broadband solutions and qualified services to companies. Arrowhead connects companies with broadband the whole way from Internet, via main networks, regional networks, town networks; to access at workplaces. We have developed sound knowledge within system integration and customer service which guarantees that every investment will be commercially professional for the customer. We have been in operation since 1986 and have a staff of 300 from Luleå to Copenhagen. www.arrowhead.se TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/09/21/20010921BIT00180/bit0002.doc http://www.waymaker.net/bitonline/2001/09/21/20010921BIT00180/bit0002.pdf